MIAMI — EVI Industries Inc., a commercial laundry and drycleaning equipment distributor based here, reports it has executed a definitive purchase agreement to acquire substantially all the assets and certain liabilities of Taunton, Massachusetts-based Baystate Business Ventures d/b/a Eastern Laundry Systems, a distributor of commercial and vended laundry products and a provider of related installation and maintenance services.
EVI says Eastern Laundry Systems has built a reputation of providing exceptional service while representing quality products to a diverse customer base across the New England region.
This acquisition is consistent with EVI’s strategy to build the largest and most dynamic sales and service team in each geographic market to promote the company’s growing portfolio of products and to expand its service operations.
“We are pleased to welcome Eastern Laundry Systems to the EVI family,” says Henry M. Nahmad, EVI’s chairman and CEO. “We remain very active in our pursuit of additional acquisitions and strategic investments in other great businesses in our industry and in those industries that meet our financial and strategic criteria.”
The transaction is expected to close upon the satisfaction of closing conditions.
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